When the region’s housing market took a nosedive a few years ago, developers abandoned subdivisions that were only partially built. Estimates by the Sonoran Institute put the number of so-called zombie lots in Central Arizona at a staggering one million. Now, with the industry well into recovery mode, that empty land is starting to wake up.
For full article see: http://www.kjzz.org/content/1306/phoenix-real-estate-zombies-start-waking
